March 15, 2021
Extended Stay America, Inc. Investigation
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Extended Stay America, Inc. (“Extended Stay America” or the “Company”) (NASDAQ: STAY) in connection with the proposed acquisition of the Company and its paired-share REIT, ESH Hospitality, Inc., by funds managed by Blackstone Real Estate Partners and Starwood Capital Group. Under the terms of the merger agreement, Extended Stay America shareholders will receive $19.50 in cash for each share of Extended Stay America common stock that they hold. The transaction is valued at approximately $6 billion.
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